D.R. Horton, Inc.


  • Stocks closed modestly higher on Tuesday as the Dow Jones Industrial Average stretched its winning streak to eight straight sessions.  Still, caution ahead of the beginning of earnings season kept many investors on the sidelines.

  • Hovnanian CEO Ara Hovnanian said he no longer sees the signs of stabilization in the housing market he did in March, and now warns the industry is still a ways from improvement. “The subprime has gotten a lot of attention and it’s not just been the direct effect of the subprime but the psychological effect, even by those that are not using subprime mortgages.… It’s causing hesitation,” Hovnanian told CNBC’s Erin Burnett on "Street Signs."

  • CNBC's Domm: Today's Agenda in the Markets Tuesday, 10 Apr 2007 | 8:38 AM ET

    Stocks are searching for direction after a 7-session winning streak for the Dow 30. European stocks are moving higher after yesterday's holiday there, and Asian stocks were mixed overnight.

  • Expect "Massive Foreclosures," Fund Manager Says Friday, 30 Mar 2007 | 11:53 AM ET
    Paul Krugman

    In the wake of a Charlotte Observer report about one area's unusually high foreclosure rate, Beazer Homes USA said it has received a grand jury subpoena from the U.S. Attorney's Office, which is probing its mortgage origination business. A unique case? Not according to CGM Capital Management's Kenneth Heebner, who says the negative impact of fast and loose lending policy has "only begun."

  • Republican presidential candidate, former U.S. Sen. Rick Santorum speaks to supporters as his daughter, Elizabeth (L), and wife, Karen (R), look on February 7, 2012 at the St. Charles Convention Center in St. Charles, Missouri.

    Is the housing sector doing better than consumers think -- or are some contrarian market boosters guilty of "cherry picking"? An economist and a CEO debated the question, on "Morning Call."

  • D.R. Horton, the largest U.S. homebuilder, expects homebuilders' pricing power to return by January 2008, after the hard-hit industry works its way through its inventory of unsold homes, the company's chief executive, Don Tomnitz said on Wednesday. "I don't think '08 is going to be a great year, but it's going to be much better than '07." He also said, "'07 is going to suck, all 12 months of it." Is this kind of language from a CEO acceptable?

  • CNBC's Schacknow: Candor Trumps Sensitive Ears Thursday, 8 Mar 2007 | 3:42 PM ET

    The Housing Economy Is, Um, Bad: The preceding is not quite what D.R. Horton CEO Don Tomnitz said to a Citigroup conference, although it clearly IS what he meant.

  • "I believe we are having an orderly and reasonably profitable liquidation of excess inventory in the marketplace," chief executive Don Tomnitz said.

  • What's 'Tough' for One CEO 'Sucks' for Another Thursday, 8 Mar 2007 | 3:29 PM ET

    Investors want straight talk from their CEOs, and a chief exec can't get much more direct than saying their company's business outlook "sucks." Speaking at an investor conference in New York Wednesday, the CEO of homebuilder D.R. Horton, Donald Tomnitz, said this 2007 -- all 12 months of it -- is "going to suck." Today on "Power Lunch," CNBC's Diana Olick took a closer look at CEO straight talk -- and how Donald Tomnitz may not be one-of-a-kind, even among homebuilder chief execs.

  • Truth Sucks Thursday, 8 Mar 2007 | 2:45 PM ET

    If you’re at all interested in the housing market, then you’ve probably heard the sound from yesterday’s webcast of a Citigroup homebuilder conference. Donald Tomnitz, CEO of D.R. Horton, the nation’s largest homebuilder by volume, said, “I don't want to be too sophisticated here, but '07 is going to suck, all 12 months of the calendar year.”

  • Stocks closed modestly lower as worries about a slowing economy stalled a modest rally led by bargain-hunters."The tug of war that's going on between the bulls and the bears is over the strength of the underlying economy and the strength of earnings," Quincy Krosby, Chief Investment Strategist at The Hartford, told CNBC.com. 

  • Watch for Housing Rebound In Second Half Monday, 5 Mar 2007 | 5:02 PM ET

    Housing is highly cyclical, and stocks in the sector often hit bottom a year before the fundamentals turn sour. A Citigroup analyst says cancellations of new home orders are down and expects the residential housing sector to turn around in the second half of 2007.

  • Housing Has Nowhere To Go But Up -- Or Down Thursday, 22 Feb 2007 | 3:54 PM ET

    Toll Brothers today said its first-quarter profit plunged 67% compared with last year; the luxury-home builder's CEO, Robert Toll, said there are still too many soft markets. Which raises the question: Has the bottom come at last? Two analysts called it two different ways on "Power Lunch."

  • D.R. Horton Earnings Slide 65% on Charges Tuesday, 23 Jan 2007 | 1:20 PM ET

    D.R. Horton, the largest U.S. home builder, said quarterly profit fell sharply, due in part to lower land values, but results beat the average Wall Street forecast.

  • During the final week of the year, CNBC spoke with analysts to get their top picks for 2007.  Large cap names and private equity were winners in 2006, and many analysts are expecting more of the same next year. But look for some picks that may be surprising as well.

  • Strong Sales Report Sends Home Builder Shares Higher Wednesday, 27 Dec 2006 | 12:18 PM ET

    Shares of home builders each gained more than 1%, with the overall Dow Jones Home Construction index gaining 10 points, or 1.4%, to 729.58. The index has lost 21% this year, and is down about 35% from its high in July 2005.

  • U.S Housing Stocks: Recommendations For 2007 Wednesday, 27 Dec 2006 | 10:59 AM ET

    The U.S. housing market has certainly gone through a rough patch lately--but there is some good news on stronger home sales--as we've reported. The Commerce Department says new U.S. home sales rose 3.4% in November. Analysts were looking for a gain of 1-2%.  But new home sales are still down from a year ago by 15.3%. So--are there any good stock recommendations out there? 

  • U.S. Stocks Falter in Late Trading Wednesday, 6 Dec 2006 | 3:40 PM ET

    A late look at stocks shows the Dow trading in a narrow 31-point range. Volume was light as well. Software, autos and gold were all under pressure. Homebuilders were trading up though on an increase in mortgage applications – which was boosted by the lowest mortgage rates in a year.

  • New-Home Sales Lower Than Forecast Wednesday, 29 Nov 2006 | 12:45 PM ET

    Sales of new homes fell in October by the largest amount in three months, a fresh sign of the slowdown in the once-hot housing sector.

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